JUST IN: Ford CEO Cancels $1.6 Billion Mexico Plant, Moves Investment To MICHIGAN

President-Elect Donald Trump is creating more jobs — and he’s still 17 days away from the inauguration.

Fox Insider reports:

Ford is the latest company to revise its plans for international expansion in the wake of Donald Trump’s election as president.

On Tuesday, Ford Motor Company announced plans to cancel the building of a $1.6 billion plant in Mexico and instead invest $700 million in an assembly plant in Michigan. The move is set to create 700 jobs.

In an interview with Neil Cavuto, Ford CEO Mark Fields discussed this massive decision to keep jobs in America:

“We are doing this decision based on what’s right for our business,” Fields said in response to Neil Cavuto’s question on whether the decision was made in response to Trump’s election.

“One of the factors that we’re looking at is a more positive U.S. manufacturing business environment under President-elect Trump and some of the pro-growth policies that he said he is going to pursue,” Fields said, adding the company would have followed through with these plans even if Trump had not been elected.

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